Online Streaming Platform Market Will Escalate Rapidly in the Near Future 2020

Online Streaming Platform Market: Introduction

The global online streaming platform market is anticipated to reach value of ~US$ 22 Bn by 2030. The online streaming platform market is projected to expand at a CAGR of ~12% from 2020 to 2030 in terms of revenue. Growth of the online streaming platform market is due to the rising adoption of online streaming platforms, as they supply real-time content, providing multiple benefits to viewers across the globe, which in turn has triggered growth of the market globally. Over the forecast period, North America is anticipated to emerge as the leading online streaming platform market, followed by Europe and Asia Pacific.

Increase in Availability & Supply of Real-time Content

Media consumption is increasing due to increasing availability and supply of real-time content and a rise in the number of devices capable of supporting digital media. Therefore, popularity of digital media players such as Netflix, Hulu, Amazon Prime, Hotstar, Roku, and Boxee is currently increasing and they are the main entertainment hubs. Online streaming platforms are gradually gaining popularity, as people are preferring online streaming services rather than traditional TV, in order to receive real-time content. An increasing number of online streaming platforms are being introduced every day.